Help · Tax and compliance
Turnover tax in SwiftlyBooks
Zambia's monthly turnover tax return, form IT 64A2, worked out from the month's sales.
Check the return
- Choose the month under Months. Each says where it stands.
- Turnover from sales is the month's approved sales before VAT, less credit notes. Press it to see its documents.
- Under Advance income tax paid, press Add for each payment, with its receipt.
File and pay
- Press Download, and file the return on TaxOnline by the 14th of the month after.
- Press Mark as filed. The month's tax goes on the books.
- Once it is paid, press Pay ZRA, give the TaxOnline payment reference (PRN), and press Record the payment.
Staying on turnover tax
- Under Months, the last 12 months' turnover shows against VAT registration at K800,000 and turnover tax's K5 million.
- It turns amber once one is passed.
Good to know
- The first K2,500 of each month is at 0%, and the rest at 5%.
- A month with no sales still needs a nil return, filed the same way.
- Rent and recoveries charged on a lease go in rental income tax, not here.
Related
The same help is in the app: press the ? at the top of any page.